European large-cap ETFs flows plunge in May as Italian political risk rears head
European large-cap ETFs saw outflows last month as Italy’s political situation reached breaking point, casting doubt over whether the European Central Bank will end its three-year bond-buying programme in Q3.
According to data from TrackInsight, the asset class witnessed outflows for a third month in a row, amounting to €4.5bn in May as European markets suffered amid the political turmoil in Italy.
Towards…
